SBA Disaster Loan Assistance Released

BREAKING NEWS

SBA Disaster Loan Assistance Funds are now available for eligible New Bedford businesses and non-profits. Small businesses can apply directly to SBA and the application is processed online via https://disasterloan.sba.gov/ela.

Here is the step by step guide from the SBA.


News from the Governor’s Office

The Baker-Polito Administration announced economic support for small businesses with a $10 million loan fund to provide financial relief to those that have been affected by COVID-19. The fund provides emergency capital up to $75,000 to businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits.

Loans are immediately available to eligible businesses with no payments due for the first 6 months. Massachusetts Growth Capital Corporation (MGCC) has capitalized the fund and will administer it. Please complete the application found on MGCC’s website: EmpoweringSmallBusiness.org